China’s Finance Ministry has announced to impose 84 percent tariffs on all American goods starting on Thursday, which is above 34 percent declared earlier. The ministry said that these new allegations would be applicable from 12:01 CST (04:00 BST) on 10 April.
The step comes after US President Donald Trump imposed 104 percent tariff on Chinese goods.
After Trump’s 104 percent of tariffs became effective, China accused the US of ‘arrogant and bullying behavior’.
Last Friday, China announced 34 percent tariffs on all goods imported from the US, among other measures, in response to Trump’s “Liberation Day” tariff, among other measures, among other measures. Trump then added 50 percent tariff to China, saying that the conversation with him ended.
Until last month, the US used to tariff China at 10 percent, which President Trump said, “Arabs and billions of US -$ American economy” as a “tariff abuser” “looted and burst” Beijing imposed a lot of tariff on American goods. Last week, the US President announced his “mutual tariff” step – in which America would have accused other countries with almost half the tariffs that the nation had accused the US. Was 34 percent, taking Beijing’s tally to 44 percent.
After President Trump’s mutual tariff announcement on 2 April, the White House told reporters that the US is imposing a “baseline” 10 percent tariff on all countries due to a “national emergency” which is stemmed by security concerns due to frequent trade deficit. The basket of China’s tariff was now 54 percent.
Now, today with today’s “additional 50 percent tariff”, for China, Beijing now faces an unprecedented levy of 104 percent – about 100 percent increase in less than a week.
However, President Trump has still left the door Azar for Beijing. In a post on his social media platform Truth Social, he wrote, “China also wants to make a deal, but they don’t know how to start it. We are waiting for his call.”
However, China’s move is to pursue the tariff from 34 percent to 84 percent, against Trump’s tariff comes from the place of “Fight to the and to the End”.
The Chinese government had refused to mention if they would talk with the US government, as other countries are doing.
It is threatened to bring trade between them in a stagnation between the back and forth and the world’s two largest economies.
US Treasury Secretary Scott Besent told Fox News on Wednesday, “I can tell you that this growth is a loser for him.”
According to the office of the US Trade Representative, the US exported goods worth $ 143.5 billion to China in 2024, while imported by $ 438.9 billion.